Containing inflation priority for new government - Naidu

A vendor weighs potatoes for a customer at a vegetable wholesale market along a roadside in the old quarters of Delhi April 15, 2014.
REUTERS/Anindito Mukherjee/Files

NEW DELHI Containing inflation is a priority for the newly formed government, Parliamentary Affairs Minister M. Venkaiah Naidu said on Thursday after a cabinet meeting.

"Containing inflation is an obvious priority for the government," Naidu told a news briefing after Prime Minister Narendra Modi chaired a cabinet meeting.

Modi, who was sworn in on Monday after a landslide election victory, has completed his government team. Thursday's cabinet meeting scheduled an opening session of the lower house of parliament for June 4-11.

Next In Economic News

TOKYO Japan on Friday ratified the Trans-Pacific Partnership, a free-trade pact aimed at linking a dozen Pacific Rim nations, hoping it will one day take effect despite President-elect Donald Trump's pledge that the United States will withdraw from it.

TOKYO Japanese manufacturers' sentiment was expected to improve for the first time in six quarters and to hit the highest level since 2015, a Reuters poll found, as a weaker yen and higher share prices supported the outlook for corporate profits.